Time Warner in talks on Vice Media stake: Reports

In this November 24, 2003 file photo, the headquarters of Time Warner company is seen in New York. US media conglomerate Time Warner has begun talks for a stake in the fast-growing online news operation Vice Media, reports said. -- PHOTO: AFP

The New York Times reported Tuesday that Time Warner is considering an investment of as much as US$1 billion (S$1.25 billion) in a deal that could give Vice the cable channel HLN, formerly known as CNN Headline News.

That followed a report in Britain's Sky News that the US media powerhouse could buy half the company, at a valuation of as much as US$2.2 billion.

Both reports said the talks had not finalised any deal. Time Warner declined to comment. Vice did not respond to a request for comment.